Look around the sub forum and you won't find any valid answers. Most people here have a horrible bias. The fact is the bitcoin price is hugely volatile so an increase if at all will be highly unpredictable

Look around the sub forum and you won't find any valid answers. Most people here have a horrible bias. The fact is the bitcoin price is hugely volatile so an increase if at all will be highly unpredictable

True, most people here cannot accurately predict what will happen or why it will happen.

I have seen a lot of valid explanations on here actually. I tend to think its due to some of the larger merchants who have begun to accept btc, like Dell and overstock. As people spend btc at those merchants and they instantly convert it to usd, its essentially like a lot of coins being sold. more selling drives price down, and not enough (hardly any) new buyers/new money coming in.

I have seen a lot of valid explanations on here actually. I tend to think its due to some of the larger merchants who have begun to accept btc, like Dell and overstock. As people spend btc at those merchants and they instantly convert it to usd, its essentially like a lot of coins being sold. more selling drives price down, and not enough (hardly any) new buyers/new money coming in.

Yet who is going to spend BTC at Dell or Overstock if they already have $Fiat?

Seems plausible that all these sales are being driven by Bitcoin whales and professional miners who are dumping. You have to wait until these Bitcoin whales / miners run out of BTC so the price can recover.

It could very well take years for Bitcoin to go back to $1000 (due to all the overnight millionaires created overnight who'll need to be liquidated) but then Bitcoin isn't the only game in town, it could be replaced by an alternate in those years of recovery.

There ain't no Revolution like a NEMolution. The only solution is Bitcoin's dissolution! NEM!

I have seen a lot of valid explanations on here actually. I tend to think its due to some of the larger merchants who have begun to accept btc, like Dell and overstock. As people spend btc at those merchants and they instantly convert it to usd, its essentially like a lot of coins being sold. more selling drives price down, and not enough (hardly any) new buyers/new money coming in.